MtronPTI Awarded over $10 Million Production Contract for a Major U.S. Defense Program
04 Febbraio 2025 - 10:16PM
Business Wire
M-tron Industries, Inc. (NYSE American: MPTI) (“MtronPTI”), a
leading supplier of highly-engineered electronic components and
solutions used to control the frequency or timing of signals in
electronic circuits, today announced an order for more than $10
million from a top U.S. Department of Defense prime contractor in
support of a major naval defense program. The order consists of
high performance, rugged radio frequency filters.
The program is a major part of the shipboard defense system of
the United States as well as numerous ally nations and is
anticipated to be in production past 2029. This contract highlights
MtronPTI’s continued leadership in precision radio frequency (“RF”)
components and solutions focused on performance under extreme
conditions. MtronPTI supplies numerous U.S. and allied defense
programs including precision guided munitions, radars, electronic
warfare systems, airframes, drones and autonomous vehicles, and
space and satellite platforms.
"We are honored to have earned this $10M contract, which
underscores our commitment to innovation and excellence in meeting
our customers' needs," said Michael Ferrantino, MtronPTI Chief
Executive Officer. "This achievement reflects our team's dedication
and expertise, and we look forward to delivering exceptional value
and advancing our mission."
Work under this contract will take place in Orlando, Florida
over the next three years.
About MtronPTI
M-tron Industries, Inc. (NYSE American: MPTI) was originally
founded in 1965 and designs, manufactures and markets highly
engineered, high reliability frequency and spectrum control
products and solutions. As an engineering-centric company, MtronPTI
provides close support to its customers throughout our products’
entire life cycle, including product design, prototyping,
production and subsequent product upgrades. MtronPTI has design and
manufacturing facilities in Orlando, Florida and Yankton, South
Dakota, a sales office in Hong Kong, and a manufacturing facility
in Noida, India. For more information, visit www.mtronpti.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250204786628/en/
M-tron Industries, Inc. Investor Relations: Cameron Pforr
Chief Financial Officer ir@mtronpti.com
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